Herald Investment Management Ltd Buys 5,000 Shares of Climb Global Solutions, Inc. $CLMB

Herald Investment Management Ltd raised its stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 11.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,000 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. Climb Global Solutions accounts for about 0.9% of Herald Investment Management Ltd’s holdings, making the stock its 29th biggest holding. Herald Investment Management Ltd’s holdings in Climb Global Solutions were worth $6,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in CLMB. Aviva PLC purchased a new stake in shares of Climb Global Solutions during the 2nd quarter valued at $473,000. Conestoga Capital Advisors LLC bought a new position in Climb Global Solutions in the third quarter valued at $1,210,000. New York State Common Retirement Fund lifted its stake in Climb Global Solutions by 1,069.8% during the third quarter. New York State Common Retirement Fund now owns 21,465 shares of the company’s stock worth $2,894,000 after purchasing an additional 19,630 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Climb Global Solutions by 37.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 102,478 shares of the company’s stock worth $13,818,000 after purchasing an additional 28,089 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of Climb Global Solutions in the 2nd quarter worth about $999,000. Institutional investors own 49.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Wall Street Zen downgraded Climb Global Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Weiss Ratings lowered shares of Climb Global Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Barrington Research reaffirmed an “outperform” rating and set a $136.00 target price on shares of Climb Global Solutions in a report on Friday, November 7th. Finally, Zacks Research upgraded shares of Climb Global Solutions from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $136.00.

Climb Global Solutions Stock Up 3.9%

Shares of NASDAQ CLMB opened at $121.05 on Friday. The firm’s fifty day moving average is $114.34 and its 200 day moving average is $119.06. Climb Global Solutions, Inc. has a 52 week low of $88.90 and a 52 week high of $145.02. The company has a market cap of $558.04 million, a price-to-earnings ratio of 26.03, a PEG ratio of 1.82 and a beta of 1.15.

About Climb Global Solutions

Climb Global Solutions Inc operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software to corporate and value-added resellers, consultants, and systems integrators under the name Climb Channel Solutions; and provides cloud solutions and resells software, hardware, and services under the name Grey Matter.